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REVENUE RECOGNITION - Revenue by Major Products (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2026 | Jun. 30, 2025 | Jun. 30, 2026 | Jun. 30, 2025
Revenue from External Customer |  |  |  |
Net sales | $ 1,867 | $ 1,884 | $ 3,594 | $ 3,647
Timberlands |  |  |  |
Revenue from External Customer |  |  |  |
Net sales | 367 | 373 | 723 | 755
Timberlands | Delivered logs |  |  |  |
Revenue from External Customer |  |  |  |
Net sales | 325 | 331 | 631 | 666
Timberlands | Stumpage and pay-as-cut timber |  |  |  |
Revenue from External Customer |  |  |  |
Net sales | 11 | 13 | 21 | 23
Timberlands | Recreational and other lease revenue |  |  |  |
Revenue from External Customer |  |  |  |
Net sales | 20 | 19 | 40 | 38
Timberlands | Other |  |  |  |
Revenue from External Customer |  |  |  |
Net sales | 11 | 10 | 31 | 28
Timberlands | West | Delivered logs |  |  |  |
Revenue from External Customer |  |  |  |
Net sales | 171 | 169 | 315 | 338
Timberlands | South | Delivered logs |  |  |  |
Revenue from External Customer |  |  |  |
Net sales | 145 | 154 | 293 | 306
Timberlands | North | Delivered logs |  |  |  |
Revenue from External Customer |  |  |  |
Net sales | 9 | 8 | 23 | 22
Timberlands | Domestic grade sales | West | Delivered logs |  |  |  |
Revenue from External Customer |  |  |  |
Net sales | 100 | 102 | 183 | 200
Timberlands | Export grade sales | West | Delivered logs |  |  |  |
Revenue from External Customer |  |  |  |
Net sales | 71 | 67 | 132 | 138
Strategic Land Solutions |  |  |  |
Revenue from External Customer |  |  |  |
Net sales | 140 | 154 | 347 | 248
Strategic Land Solutions | Real Estate |  |  |  |
Revenue from External Customer |  |  |  |
Net sales | 91 | 72 | 160 | 134
Strategic Land Solutions | Natural resources |  |  |  |
Revenue from External Customer |  |  |  |
Net sales | 34 | 26 | 61 | 45
Strategic Land Solutions | Climate solutions |  |  |  |
Revenue from External Customer |  |  |  |
Net sales | 15 | 56 | 126 | 69
Wood Products |  |  |  |
Revenue from External Customer |  |  |  |
Net sales | 1,360 | 1,357 | 2,524 | 2,644
Wood Products | Structural lumber |  |  |  |
Revenue from External Customer |  |  |  |
Net sales | 591 | 581 | 1,069 | 1,108
Wood Products | Oriented strand board |  |  |  |
Revenue from External Customer |  |  |  |
Net sales | 180 | 205 | 347 | 433
Wood Products | Engineered solid section |  |  |  |
Revenue from External Customer |  |  |  |
Net sales | 181 | 169 | 336 | 330
Wood Products | Engineered I-joists |  |  |  |
Revenue from External Customer |  |  |  |
Net sales | 89 | 95 | 161 | 183
Wood Products | Softwood plywood |  |  |  |
Revenue from External Customer |  |  |  |
Net sales | 47 | 41 | 85 | 81
Wood Products | Medium density fiberboard |  |  |  |
Revenue from External Customer |  |  |  |
Net sales | 31 | 36 | 62 | 68
Wood Products | Complementary building products |  |  |  |
Revenue from External Customer |  |  |  |
Net sales | 179 | 155 | 322 | 280
Wood Products | Other |  |  |  |
Revenue from External Customer |  |  |  |
Net sales | $ 62 | $ 75 | $ 142 | $ 161

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